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CNBC
Nov 18, 2013 7:00pm EST
you tomorrow. >>> breaking news on the obama care website. published reports say the white house is ready to let americans bail on healthcare.gov. go instead directly to the private insurance companies to sign up for coverage. that would reportedly include people who qualify for government subsidies. well, wait a minute. isn't going to insurance companies to get your insurance the old-fashioned way? who needs obama care in the first place? and how about this for an obama care fix. what about a total repeal? even "the new york times" reminded us today of the catastrophic medicare repeal back in 1989. might history be repeating itself? this as democratic leaders like nancy pelosi insist all is well. president obama himself about to rally his most ardent supporters and ask them to stand by the very troubled health care law. >>> and the dow crosses the 16,000 mark for the first time, but then retreats. and the debate continues over whether this rally is a bubble. those stories and much more coming up on "the kudlow report," beginning right now. welcome to "the kudlow report." we're live
CNBC
Nov 21, 2013 7:00pm EST
populous state in the union has just decided it will not accept the obama care fix. in other words, you can't keep your plan if you live in california. and this puts another nail in the obama care coffin. just look at the brand new issue of time magazine. this is a domestic disaster. if you're the democrats, the question is how do you dig your way out of this. the temperatu democrats went on the offensive and eliminated the filibuster. republicans are furious at the nuclear option and ebl it wii b will move the courts way to the left. and it is all smiles on wall street. dow closed over 16,000. we'll look at what is keeping this rally going. all those stories and much more coming up on the kudlow report beginning right now. breaking news from california tonight. in a blow to president obama's proposed fix, california decides against any extension for about a million health insurance policyholders in the state. bertha coombs joins us with the details. >> it's controversial within california itself. they have voted against allowing health insurers to renew a million plans that have been c
CNBC
Nov 6, 2013 7:00pm EST
, president obama wrapping up yet another pep rally, cheerleading obama care and probably defending his falsehoods. this time he's in texas. we'll get the reaction from lieutenant governor from that state and perhaps an escape hatch from obama care you need to know about. >>> chris christie gets the really big wins he was hoping for in new jersey. dick morris joining us live this evening. the "the kudlow report," we begin right now. good evening, i'm larry kudlow, this is "the kudlow report." we're live here at 7 p.m. eastern/4 p.m. pacific. the twitter ipo will start trading tomorrow. kayla joins us now. good evening. what have you got. >> it came together before we came on air for "the kudlow report." twitter pricing at $26 per share. it's above the price range, above the increased range when they said they would raise between $23 to $25 for the shares selling to the public. $26 above even that heightened range. it means twitter will raise $1.82 billion in proceeds. goldman sachs has an additional 3 million they can sell. valuation for the company, a stunning $18.3 billion. that's whe
CNBC
Nov 13, 2013 7:00pm EST
. i >>> the obama administration timely coming clean with the real number of people who signed up for obama care. it is a bad number. only 27,000 through the federal exchange. even that number may be inflated because the folks haven't paid yet, but we'll see. is obama care going to crumble under its own weight? that is the big question. >>> another new high for the dow industrials. great stuff. i think there's still reason to be bullish. by the way, janet yellen, she's testifying in front of the senate for her nomination, but her testimony was released late this afternoon and it indicates steady as did you stimulus, no reduction in bond buying. >>> and vice president dick cheney joins us from a one-on-one interview. we'll get his take on obama care, the in fighting among republicans, and his amazing heart transplant story. all those and much more coming up on "the kudlow report" beginning right now. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." we are live in washington, d.c., 7:00 eastern time, 4:00 pacific care. the federal government releases the sh
CNBC
Nov 20, 2013 7:00pm EST
house. the national association of insurance commissioners has just told president obama that his fix for canceled health policies could result in higher premiums and gaps in coverage. this all comes as a new cbs poll puts his approval rating at an all time low at 37% and opposition to obama care, 61%. good evening, everyone, i'm larry kudlow. this is "the kudlow report." insurance commissioners say his obama care champions are creating uncertainty. we need to explore what that means. republican congressman brad wen cher and strategy associates and avik roy, author of "how medicaid failed the core." >>>, the insurance commissioners had problems with cancellation renewal. the back payment and payment mechanisms on the obama care website has yet to be ruled. two-week crunch period. does that mean well? >> kathleen sebelius is the former president of national association of insurance commissioners. i keep -- you're not going to invite me to this program anymore because i keep asking the same question. who is advising this president when it comes to how the insurance markets work? i d
CNBC
Nov 19, 2013 7:00pm EST
." we are live at 7:00 p.m. eastern, 4:00 p.m. pacific. president obama may be caught in another lie on obama care and scott walker is about to join me to talk about it. but first up, we have breaking news. in what sounds like a valedictory speech. bernanke making comments about qe 3 right now. we have an advance copy of the speech and he's all over it. >> yeah, he's going out on a dovish note, larry. the fed chairman saying that he -- the fed has committed to accommodate a policy for as long as needed. and the funds rate is likely to remain at zero for a considerable time. he talks about the funds rate. he also said that the fed should not -- make sure that the labor market is sufficiently strong before the fed were to hike rates. and in addition, he says the funds rate can remain near zero well after the unemployment rate hits that 6.5% threshold which he says is a threshold not a trigger for raising rates. if the data supports the forecast, the fed will moderate quantitative easing but the asset purchases are not on a preset course. he talks about transparency and he said this is
CNBC
Nov 14, 2013 7:00pm EST
obama flip-flopped to allow people to stay on their canceled insurance plans and i think it was bill clinton's body slam on tuesday that forced obama to take back his lie and his lying about the lie. but there may be less here than meets the eye. it's up to state insurance commissioners and the insurance companies themselves and whether cancellation recoveries will be less than you think or more. speaker boehner says there's only one solution. get rid of the whole thing right now and i find myself and ggree. we're going to talk about a conservative alternative to obama care. >>> and the interest of the doves. janet yellen says there are no bubbles in stocks or elsewhere and you know what, i agree with her. all of those stories and much more coming up on "the kudlow report" beginning right now. good evening. i'm larry kudlow. this is "the kudlow report." we're live here at 7:00 p.m. eastern and 4:00 p.m. pacific. president obama said you can keep your health insurance if you like your health insurance and then the pink slip cancellations rolled out. now, in a bid to quell the firestor
CNBC
Nov 8, 2013 7:00pm EST
proposition later in the show. >>> plus, now he's sorry? five weeks into the obama care debacle and in an exclusive nbc interview yesterday, the president had this message for the millions who received insurance plan pink slips. was he sincere? you be the judge. >> i am sorry that they are finding themselves in this situation based on assurances they got from me. >> today, president obama changed the subject from obama care to the economy. interestingly, he had a good section on corporate tax reform. you know what? i love it. but will he really push for it? >>> and is the republican party in better shape than you think? following chris christie's commanding blue state victory, a series of polls shows the gop could be poised for more big wins in 2014. all that and more coming up on "the kudlow report" beginning right now. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." we are live here, 7:00 p.m. eastern, 4:00 p.m. pacific. first up tonight, president obama talking up the economy in new orleans today in an attempt, i think, to shift the focus away from his admini
CNBC
Nov 5, 2013 7:00pm EST
night in america. polls have just closed in virginia. did the obama care debacle hurt democrat terry mcauliffe or did a libertarian candidate steal votes from republican ken cuccinelli. we will get a live report from virginia in just a moment. >>> chris christie expects to be re-elected in a landslide in new jersey. will we be seeing him again on election night in 2016. >>> new york city moving left, i mean far left, with a new mayor that wants to tax everything that moves. >>> and is president obama now lying about his original lie? the president tries to change what he's been saying for the past few years about your health care plan, but we have the tapes to prove him wrong. and unfortunately, another nut job brings a gun into a very crowded public place. starts shooting. you can't a voird malls and airports for the rest of your life, so how do you keep your family safe? we will talk to a security expert. all those stories and much more coming up on "the kudlow report" beginning right now. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." we're live here, 7
CNBC
Nov 25, 2013 7:00pm EST
always a bull market "m" i'm jim cramer. i will see you tomorrow. >> president obama hits back at the criticism that he is getting from all sides on the iran nuclear deal. he says the critics, quote are, just talking tough. but what if they're telling the truth? we're going to look at the political, diplomatic and financial repercussions of this agreement. and what will israel do in response? by making this deal, the white house has brought the deal between the white house and jerusalem to an all-time low. will israel feel forced to defy the u.s. and strike iran on its own? and the one thing this deal is doing, it's getting the obama health care failure off the front pages, at least for now. but new revelations about the disastrous healthcare.gov are coming to life this evening and they do not bode well for the future of the entire program. all the stories and more on the "kudlow report" starting right now. >>> good evening. i'm michelle caruso-cabrera in tonight for larry kudlow, and this is "the kudlow report." despite continued white house optimism tonight for the new deal to c
CNBC
Nov 17, 2013 7:30pm EST
markets and your money. president obama defends his health care act and makes big concessions. does it fix things and what can we learn about how the president acts and thinks about authors of a new book and how you can get away more and pay less. "on the money" begins right now. ♪ >> announcer: this is america's number one financial news program. "on the money" now maria bartiromo. >> here's a look at what's making news heading into a new week "on the money." janet yellen, president obama's choice to head the federal reserve bank made it through the senate hearing without a scratch this week. dr. yellen who would be the first woman to head the fed, faced questions on bond buying programs and bank regulation among other things. the markets continued to set records all week. by thursday the dow hitting the third all-time high of the week as did the s&p 500. nasdaq also hitting a 13-year high. markets continued to climb on friday. two dow components reporting profit this week. cisco had poor guidance. walmart beat and revenue missed estimates. the 23-year-old founder of snapchat, a sma
CNBC
Nov 1, 2013 7:00pm EDT
unraveling and collapse of obama care. still a big story. today a leading senate democrat comparing the health care law to humpty-dumpty. just another sign the political and media tide has turned against the health care plan. and as always, don't forget, free market capitalism is still the best path to prosperity. for the millionth time, i will say this obama care has nothing do with free markets, and "the kudlow report" will be coming right back. i got this. [thinking] is it that time? the son picks up the check? [thinking] i'm still working. he's retired. i hope he's saving. i hope he saved enough. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. whether you're just starting your 401(k) or you are ready for retirement, we'll help you get there. it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets
CNBC
Nov 11, 2013 7:00pm EST
unveil a plan b for the disaster known as obama care. plus thousands dead after a devastating storm hit the philippines. we're going to get the latest on that horrible disaster. and as we honor our veterans today those brave americans who have and still protect our freedom, we've got some really good news. job opportunities are finally opening up with hundreds of corporations. we'll have those good details. all those stories and more coming up on "the kudlow report," beginning right now. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report". we're here live at 7:00 p.m. eastern and 4:00 p.m. pacific. obama care in deeper trouble. it's reported that fewer than 50,000 people enrolled in the first month. they expected 1.4 million. more than 4 million people had their health insurance cancelled. so far the numbers of uninsured is rising substantially faster than the number of newly insured. most experts believe that the self-imposed deadline of november 30th will not be met and i believe if and when the website does start working the obama care plan is still destined
CNBC
Nov 22, 2013 7:00pm EST
promise i try to find it just for you right here on "mad money." i'm jim cramer, and >>> the obama care debacle delivers a new land mine every day. today we learn that doctors across the country will be facing much lower payments for key procedures. one report says doctors will be paid as little as 20 bucks to read and diagnose a mammogram. this is a disaster for cancer patients and all kinds of preventive care. talk about a war on women. >>> and then a new record high for the dow and the s&p. this is better news. the rally keeps going on. we'll take a look at the reasons why. >>> and of course this evening, we mark the exact 50th anniversary of the tragic assassination of president john f. kennedy. but tonight, we will celebrate his true legacy. he was a key proponent of economic growth and an inspiration for supply-side economics for decades to come. just check it out. listen to this. >> it is a paradoxical truth that tax rates are too high today and tax revenues are too low. and the soundest way to raise the revenues in the long run is to cut the rates now. >> you can't tell me he wa
CNBC
Nov 20, 2013 4:00pm EST
today. >> all kidding aside about obama care, how is it affecting hospital groups like tenet health care? tenet ceo will speak with me later on. i'll speak with marketing guru jerry della femina. qualcomm ceo paul jacobs with me on the chip giant's latest innovation that will let you turn on the lights when no one's home. jacobs on the growing world of things. you're watching the "closing bell" on cnbc. the american dream is of a better future, a confident retirement. those dreams, there's just no way we're going to let them die. ♪ ♪ like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does. that's what they can do with you. that's how ameriprise puts more within reach. ♪ ♪ >>> welcome back. after posting gains to start the day, the dow industrials took a dip mid afternoon after release of the fed minutes and comments by james bullard. jackie d'angelo with a look at what else happened today. >> let's review green mountain results. stock up on the number 89 cents in earnings on $1.05 billion in revenue. that's a pre
CNBC
Nov 6, 2013 3:00pm EST
shorts in insurance because i don't like to push back on obama care and the stress tests are not really stress tests, they're really survival after the fittest and back slap each other for having avoided contagion. but you know the other thing about this rotating into global companies, they've got something that washington doesn't, they've got experienced executives who understand how money actually works. so if there's a profit to be had, they can shift their operations around the planet. the government can't do that the only out they've got is either print, to wait or to repeat doing what they've been doing to begin with and it hasn't worked. >> all right. i know you want to jump in on that but we don't have time now. >> nodding your head. >> you'll be around -- i think -- keith, i think you just got josh to completely change his mind about this market. we'll find out. >> i'm done. >> no. he's out. >> thanks, everything. >> thanks for joining us. >> appreciate your time we are in the final stretch of trading 50 minutes before the closing bell sounds and a market is in record te
CNBC
Nov 26, 2013 7:00pm EST
cramer and i will see you tomorrow. >>> less than five days to go before the deadline, and the obama care website nowhere near ready. insurance companies still have no way to be sure who is really enrolled. total enrollment numbers are still woefully low. >>> and can you say death panels? yeah, they are back. president obama laughed off even the suggestion of them, but respected political reporter and co-author of "the game change" best-seller mark halperin is talking about them now, and he's going to join us tonight. >>> and we know the deal with iran is bad. we know the obama team is still defending it, but what does israel do now? we're about to ask a top israeli diplomat if his nation will strike and strike soon. all the stories and more coming up on "the kudlow report" starting now. >>> good evening. it's 7:00 p.m. eastern time, 4:00 p.m. pacific. i'm michelle caruso-cabrera in for larry kudlow tonight. this is "the kudlow report." the newest enrollment numbers for obama care are out, 229,964. that is the state exchanges and also the latest number from health and human services
CNBC
Nov 15, 2013 7:00pm EST
last ditch attempts to save obama care are in full force. insurance companies ceos called to the white house today, but can they reinstate cancelled policies even if they wanted to? we'll ask one of the head, one of the biggest insurers in the country. the house passing its own bill to let people keep their insurance. fred upton is here where the bill goes from here. what a switch from the epa, making a big move with ethanol that might save you a lot of money. and yet another record high for the dow industrials. that's number 38 this year if you're counting at home. but is this run starting to run on empty? all that next as "the kudlow report" starts right now. >>> happy friday wherever you are. i'm brian sullivan in for larry and this is "the kudlow report". we're live here 7:00 eastern, 4:00 pacific. let's get right to it. the obama care administrative fix announced yesterday gives the green light to insure towers let people keep the health plans they like. it also let's the president stay true to his promise. >> the bottom line is insurers can extend current plans that would o
CNBC
Nov 4, 2013 3:00pm EST
right now. >> and what about health care bill. obama care relying on young people to sign up to pay for the program and help the ouflt control costs of health care in america. how does that look so far? we've got an update next. >> speaking of young people have you heard about this new poll we conducted with the associated press? cnbc/ap poll finds 52% of people aged 18 to 34 those are the heaviest users, they feel twitter is not a good place to invest. really? so if twitter's core users don't even want to buy the stock should you stay away from that offering? we'll look at that coming up. >>> and then scrooge mcducks, that's what they are being called. they should pay more in taxes. you can but that's getting some reaction today. later on "closing bell." vo: two years of grad school. 20 years with the company. thousands of presentations. and one hard earned partnership. it took a lot of work to get this far. so now i'm supposed to take a back seat when it comes to my investments? there's zero chance of that happening. avo: when you work with a schwab financial consultant, you'll get th
CNBC
Nov 4, 2013 7:00pm EST
you on "mad money." i'm jim cramer. i'll see you tomorrow! >>> as the obama care rollout continues to fail, the question tonight is this. is president obama's entire second-term agenda and ability to govern now in jeopardy? as mitt romney now says, the entire foundation of the obama presidency is rotting away because of broken promises and fundamental dishonesty. >>> and here's the latest blow to the new law. a new study predicts as many as 129 million americans will be dropped by their current plans and be forced to buy much more expensive plans instead. the author of that study is going to join us live. >>> and we're just a few hours away from election day. two key races in new jersey. a big chris christie win might make him the gop presidential front-runner. and in virginia, can republican ken cuccinelli pull a fast closing upset? those races tomorrow night. all those stories and much more coming up in "the kudlow report" beginning right now. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." we're live here at 7:00 p.m. eastern and 4:00 p.m. pacific. we hav
CNBC
Nov 15, 2013 6:00am EST
&p futures up by about 3.5. the white house says it could extend the obama care fix beyond 2014. president obama announcing the plan to let insurance companies extend those policies that would have been canceled. he pointed blame at himself for the troubled rollout. >> i think it's legitimate for them to expect me to have to win back some credibility on this health care law in particular. and on a whole range of these issues in general. that's on me. we fumbled the rollout on this health care law. >> this fix, though, is on the insurance companies. it's hard to say in reality how any of this is going to work out. it took months .months for the insurance companies to work within the law as laid out by obama care. we're going to talk about in this morning. in just a few minutes, we've got john harwood. he'll join us to go through the politics on this and some of the realities on how it can possibly work. in the meantime, let's send it over to andrew. >> we have a lot of corporate news this morning. kimberly clark announcing its board of directors authorizing its management team to
CNBC
Nov 15, 2013 1:00pm EST
next the president's handling of the obama care crisis. did he unfairly dump it on the insurance companies? is he leading the correct way? is he contrite enough? we'll have some famous ceo apologies next. and how did kentucky get it right and the feds get it so wrong? the governor of kentucky is here in two minutes time. >>> senator howard baker said it best in the watergate hearings back in 1973 asking quote, what did the president know and when deknow it. same question is float around the country these days as americans want to know what president obama knew regarding problems with healthercare.gov. today we got a little bit more clarity on that and here to tell us about that is don. >> what i got here is a memo released by one of the top house committees looking into this whole mess with healthercare.gov. they uncovered a memo from henry chao who was responsible. on july 16th he said to one of his subordinates i need to feel more confident they are not going to crash the plane at takeoff regardless of the price. >> the president was press ad little bit on issues about what he
CNBC
Nov 19, 2013 6:00am EST
out of heaven, this beautiful thing lands right in their lap called obama care. and now just get on the surf board. i don't even care if you stand up. hold on to the sides and just surf this baby. shut your mouth. if they do this again with what is playing out, every single gain the republicans -- they're talking about trying to pin obama care on hellry to hurt her in 2016. if they mess this up in three months and go back, there's no way they're trying to same thing again. >> you're saying there's no way there's another default. >> there's no way there's even the talk of it. if they do, they're as stupid as all their critics. let's see what happens. it's collapsing under its own weight right now. this is just the beginning stuff. wait until premiums go up. >> i don't think he's the person you -- you know, that -- i just want to watch them. yesterday i was talking about it. i do a radio show once in a while and they have to just be quiet at this point and -- just let this play out. wouldn't you? if you were a political -- >> yeah. i wouldn't do anything. >> it would have been nice if
CNBC
Nov 10, 2013 7:30pm EST
when it comes to the jobs report. is it bad news for the market? >>> the issue with obama care nobody is talking about yet. why the current problems may seem like a walk in the park. what it doesn't do and why it really matters. >>> if you could really know your medical future, would you want to? the high tech company offering a chris cal ball with a q-tip. "on the money" begins now. >> this is america's number one financial news program. "on the money." now maria bartiromo. >>> here is a look at what's making news. a surprising and sharp increase in the number of jobs created last month. labor department says the economy added 204,000 jobs in the month of october well above expectations and in spite of the two-week shutdown. unemployment rose to 7.3% and the numbers from previous months were revised upward. that set the markets higher on friday's open, one day of a triple digit loss for the dow industrials. >>> the most eagerly waited ipo, the initial public offering since facebook started trading. twitter soared to $45, a 70% increase from where the ipo was priced at $26 a share. al
CNBC
Nov 11, 2013 6:00am EST
obama administration will be he releasing health care enrollment numbers. the white house has signaled that the total will be low. we probable know that after weeks of problems with the website health care.gov. >> they haven't said that before. >> of course they're going to be low. >> i know. they haven't said it. they've always said, we'll let you know. we'll let you know. >> it takes time. it takes time for people -- >> now when they salo, we expect to concede that it's going to be low. north carolina is like -- the numbers are -- >> have you seen this story, by the way, this morning? cover of ""the new republic"" also at the top of ben white's e-mail. >> politico think. >> hillary's nightmare. a democratic party that realizes its soul lies with elizabeth warren. elizabeth warren may run in 2016. >> then i've already -- see, i've said that de blasio is to new york as -- i think the president is far left and i think that -- >> well, if -- elizabeth warren -- go west, my friend. >> obama has been frustrated by the left of his party. >> i think he resigns firmly on a relative b
CNBC
Nov 7, 2013 7:00pm EST
democrats as the blame for the obama care disaster comes straight to their doorstep. but is there anything they can really do to fix it? we have the the latest tonight from capitol hill. and at the white house, president obama has just wrapped up an interview with chuck todd. the president still defending the failing health care overhaul and he didn't apologize for the cancellation of health care as a result of bom care. and a great day for twitter, but bad day is for stocks overall. tomorrow's jobs report may be very disappointing. all those stories and much more coming up on the "kudlow report" begins right now. >>> good evening. i'm larry kudlow. we're live here at 7:00 p.m. eastern, 4:00 p.m. pacific. first up, the big ipo wall street was waiting for. the rest of the market sold off. seema mody with all the key details. good evening. >> good evening. that's right, we saw 152 point drop for the dow, the s&p 500 had its worst day since august 27th. and the nasdaq hit a one month low. tomorrow we do get that all-important october jobs report. but despite the bad day on wall stree
CNBC
Nov 14, 2013 3:00pm EST
territory, with about 50 minutes before the closing bell. dow industrial up 47 points. >>> president obama saying now you can really keep your health care plan if you like it. but insurance companies, can they even do that at this late date after they've already canceled many of those plans. we'll talk about that coming up. >>> also, will obama bm cacare impact american businesses? an exclusive interview. stay with us. vo: two years of grad school. 20 years with the company. thousands of presentations. and one hard earned partnership. it took a lot of work to get this far. so now i'm supposed to take a back seat when it comes to my investments? there's zero chance of that happening. avo: when you work with a schwab financial consultant, you'll get the guidance you need with the control you want. talk to us today. >>> welcome back. new details are emerging now about a potential jpmorgan settlement with the country sfwl the long awaited deal between jpmorgan and the justice apartment appears close to completion. i'm told it's all but done and is in the process of being finalized. we may see
CNBC
Nov 8, 2013 3:00pm EST
the path to giving many yuns a free pass on an obama care fee that was supposed to keep premiums lower for everybody else. we'll have details coming up on the "closing bell." >>> welcome back. big jobs number today, 204,000 jobs created last month, greatly beating expectations. >> it has some wondering if it could speed up when the fed cuts back stimulus, especially if we get another jobs report like this one next month. joining us with their disagreement, craig from vining sparks says it will be january when this happens. they'll start to cut back. larry mcdonald from new edge usa says it won't be until june. and cnbc.com jeff cox says, it doesn't matter when they will begin tapering. craig, why do you think it happens sooner rather than later? >> good afternoon. i think you have to remember a couple of things. first of all, there's a group of people on the fed who want to end asset purchases because they're worried about financial stability. the longer they wait, the worse that problem gets. secondly, there's a group that wants purchases to be data-dependent. at the june meeting whet
CNBC
Nov 13, 2013 6:00am EST
. >> before you two start kissing, let's move on to the next story. pressure is rising on president obama to adjust his problem plagued health care law. many democratsic leader are calling on the white house to allow americans who are happy with their health care plans to keep them. the most significant coming from president clinton. he said in part, i personally believe even if it takes a change to the law with b the president should honor the commitment to federal government and let people keep what they've got. the reality is it could be very difficult to allow people who have been canceled at this point to be back on in the time in less than 45 days. >> i was fascinated by this because i tried to figure out the calculus that goes into the things that president clinton does. he's been a big supporter of president obama in that speech he gave at the convention went a long way towards helping to re-elect the president. but then there are times when he does definitely step off the reservation. when he called mitt romney's business career stellar. and i wonder why he picked now. but there are
CNBC
Nov 15, 2013 4:00pm EST
obama is meeting with insurance ceos right now. just one day after his controversial decision to let people now keep their health plans if the insurance companies allow them to. we'll keep you posted and up to speed on the latest developments out of the white house. we'll discuss the impact on your money. >>> also coming up, forget black friday. one in four shoppers now say they will do some buying on thanksgiving. we'll find out what's behind that with the head of the national retail federation. >>> get ready to rumble -- >> trying to get xbox one on black friday. >> i thought we were getting playstations 4s. >> what? >> me, too. >> no, guys, when i said we're going to get the next gen gaming systems i was obviously talking about xboxes. >> but i want a ps4 not a crappy xboxes. >> game on. playstation rolling out one week before xbox one hits stores. you've you're watching the "closing bell" on cnbc, first in business worldwide. we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even
CNBC
Nov 20, 2013 3:00pm EST
the obama care met. tenet health care ceo trevor fetter is with us on how the bumpy rollout has impacted his company. >> also muni bonds, everybody loves them, they're safe and boring, right? well, not so fast. millions of investors are in these because many times the income is tax-free and it's believed these bonds that are linked to cities and municipalities are a lot less volatile than stocks. but are there new danger signs of anyone who owns them or thinking about owning them, need to know about? we'll take a closer look at munis coming up. >>> the dow jones industrial average near the lows of the day with a decline of 58 points. pretty steady until the minutes came out. as can you see what happened, as soon as those minutes came out at 2 p.m. eastern time today. nasdaq composite under selling pressure today. take a look at down about seven points on the nasdaq. fractional move there. again, very similar chart pattern, falling out of bed once those minutes were released. s&p 500 looks like this. decline there as well. same chart there, down 5.33. >> let's talk about today's
CNBC
Nov 18, 2013 9:00am EST
in a post ballmer world? we'll talk about that. >>> now to the latest with obama care. nancy pelosi saying that democrats are not losing confidence in the affordable care act. eamon javers is joining us. >> that's right, simon. pelosi points to those 39 democrat defectors and says that's not a big number when you consider the politics of the issue. the press conference was inspired by democrats up for re-election next year, coming to the white house really proetest of the obama carroe rollout. you never want to go into an election with a weak hand like this but nancy pelosi was on "meet the press" yesterday and asked about the political impact by david gregory. she refused to really go there saying that there's not going to necessarily be a clear line between what happens now and next year. >> i don't think you can tell what will happen next year but i will tell you that democrats stand tall and support the affordable care act. we have great democrats running who are concerned about our economy and are concerned that government was shut down because of a whim on the part of the repu
CNBC
Nov 12, 2013 7:00pm EST
jim cramer and i will see you tomorrow! >>> former president bill clinton chided obama today, telling the president to honor his commitment and keep his promise to let people keep their health plans. then clinton added this should to be done quote even if it takes a change to the law. end quote. right on cue, a late breaking headline this afternoon the california insurance commissioner said more than 1 million cancellation notices have been sent to californians. the best and brightest minds in business and on wall street getting together today at the dale book conference. we'll have the highlights from a busy day of great interviews on cnbc. plus, raising the minimum wage. will it actually cause the unemployment rate to go up with special damage to lower income folks who will be priced out of the market? what a terrible idea. we're going debate what the a leader of one of the country's biggest unions. all those stories and much more coming up on "the kudlow report," beginning right now. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report". we're live here 7:00 p.m
CNBC
Nov 15, 2013 4:00am EST
obama is trying to offer an olive branch to the millions of americans facing losing their health care plans by tend of the year. it could be complicated. we'll look at the impact on insurance companies. which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools to build more bright minds. invested in the world. bny mellon. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it could save you in out-of-pocket medical costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] you'll be ab
CNBC
Nov 15, 2013 2:00pm EST
expire and don't meet the standards of the obama care law. and that secondly they want some financial relief. now the administration indicated yesterday when the president announced this fix that there were some shock absorber provisions in the law that might allow some financial relief to insurance companies whose pricing has been based on a model that didn't include a lot of these policies for 2014, but that fix that was announced yesterday is something that was trying to take the momentum out of the vote that occurred today. republicans passing a bill with 39 democrats going along that would have undercut obama care by allowing a lot more information buy these policies and make it more difficult to ultimately get the entire system over to the obama care standards. so this meeting with the insurance companies is part of the white house's attempt to deflect that drive on the hill and to smooth some of the political backlash here. i wouldn't expect, brian, that a lot of policies are going to be extended because of what the president did, some may, it depends on how much pressure is pu
CNBC
Nov 5, 2013 6:00am EST
" talking about the issues with obama care, namely that young people appear to be avoiding the health care plans. early coverage is lower than expected. that's raising concerns that insurers, if it's just older people, the -- it would be much more expensive because they have more health problems, they could drive up prices for everyone by forcing them to spread costs around, but the white house counters that by saying that in massachusetts when it was introduced, the young people waited until the last minute to do it and them they all did it in the last minute. so it's going according to planned. we'll see what finally works. well, no, some day they will have to actually release the numbers when they know the numbers if anyone does sign up. >>> and then there's a bill to ban workplace discrimination against gays narrowly cleared a procedural road block in the senate with a support of a handful of republicans. passage is said to be likely by the end of this week. the measure will fois an uphill climb in the house where the speaker john boehner opposes it. and i was surprised, there are
CNBC
Nov 27, 2013 1:00pm EST
. >> to john harwood for breaking news regarding obama care. john? >> tyler, the obama administration about to announce a delay in the on-line sign-up for small businesses on obama care. there will be direct enrollment for those small businesses. they can get health care under obama care with the tax credits that the law provides, but they're trying to limit the amount of tasks that they have to deal with in terms of getting the on-line experience acceptable for consumers. they've got that november 30th deadline to say that the site is working smoothly for the vast majority of customers and they've put this off to the side. the separate exchange for small businesses. that function is being put off for one year. there will be paper enrollment, phone enrollment through insurance companies directly, insurance agents and brokers, but it's another sign of the challenge the administration is facing in getting healthcare.gov that website which has been so troubled since its october 1 debut to get up and running for everybody in the country. >> john harwood, thank you very much. let's transit
CNBC
Nov 19, 2013 6:00pm EST
we blame obama care and people's fears for losing insurance. the walk grinch is stealing christmas. we are beginning to hear the next government shutdown will happen on schedule and this time it will be even worse. why don't we chill the cls climate down entirely? is there any wonder best buy or urban outfit, is talking about an unspeakably holiday season? then you go out to dream force. the celebration of all things related to the new economy in america of success, of innovation. you know, you don't hear anyone complaining about washington at all other than to mention how our government is poorly run by design. it's all about payback, second raiders and people that care more about idology and social issues than the economy. the politicians may pay lip service to the job creators. they spend way more time on guns and sexual reeshlgs whatever. if you want to know the truth of it, i would say washington is about creating problems for business. silicon valley is about creating solution tore business. when i was in dream force, yesterday, the co-writer, informational officers and sales
CNBC
Nov 4, 2013 9:00am EST
% of economic growth can be traced to advancements in the bio science. >> will obama care help or hinder that development. does it get in the way or does it mean more access will drive better outcomes? >> i think the issue you are talking about obama care is focused on care and treatment. the largest part. if we are going to solve the problem, it really isn't care and treatment. the issue is really prevention, wellness, research cure. >> there are more and more people talking about this on wall street. the lines between a company like apple and some of the names that you are talking about in this conference are blurring, because, frankly, wearable technology and personalized medicine sounds like the next big wave. what's going to be the next facebook or twitter for this space? >> i don't know that i can make that prediction but there is a very rapid evolution naary proc going on here. what we need is a healthy ecosystem, that involves phrma and biotech and special device companies and computational companies that are dealing with big data. also, academic institutions which tend to
CNBC
Nov 4, 2013 4:00am EST
a tough month for the obama administration marked by the rocky rollout of the president's new health care program. a new survey shows while americans are aware of obama care, not that many have tried to sign up for coverage. let's get out to bertha coombs. is this a lack of interest or many people can't get online to sign up? >> it's hard to say but i would imagine the technology problems certainly are adding to this. the survey by the commonwealth fund finds that 17% of americans who are potentially eligible for coverage under the affordable care act, known as obama care, have visited the new health insurance exchanges to enroll in a plan, either by mail, phone orion line. the commonwealth fund is a private foundation that supports independent research on health care reform. the poll was conducted between october 9th and october 27th right in the thick of all of the problems that we've been seeing with the website. 60% of people say they are aware of the marketplaces. that's up from about 1/3 in a survey done earlier this year. one in five adults who visited an exchange say they enr
CNBC
Nov 14, 2013 6:00am EST
-- someone is tying yellen to benghazi. you didn't learn from the obama care government shutdown, although, wait a second, one of the things they wanted to do during the shutdown was delay obama care. that might not have been a bad idea. but in this case, it's a sideshow with benghazi. >> sure. >> yellen, enough about being so qe-dependent that we need to talk about, i guess. >> right. i've been talking to a lot of people up on the hill. and i think that the headline is, this is about the most popular nominee president obama has ever sent with the republicans. she's had great meetings. people have serious policy concerns. but i think that this is going to be kind of an easy confirmation. the three things that i think people are going to press on today are quantitative easing. i think that they don't want to know, well, when are you going to stop, because they know she can't say that, but they'll feel some kind of regret, like we're using this unusual method, and wish we wouldn't have to. a sign it won't go on forever. the second thing, the independence of the fed, there will be a
CNBC
Nov 26, 2013 6:00pm EST
will see you tomorrow. >>> less than five days to go before the deadline, and the obama care website nowhere near ready. insurance companies still have no way to be sure who is really enrolled. total enrollment numbers are still woefully low. >>> and can you say death panels? yeah, they are back. president obama laughed off even the suggestion of them, but respected political reporter and co-author of "the game change" best-seller mark halperin is talking about them now, and he's going to join us tonight. >>> and we know the deal with iran is bad. we know the obama team is still defending it, but what does israel do now? we're about to ask a top israeli diplomat if his nation will strike and strike soon. all
CNBC
Nov 25, 2013 4:00pm EST
are diving into this obama care story we have. obama care is a big puller for us. right now this story is getting a lot of attention. one of our reporters found out about a book doorway to sign up for obama care. you'll be amazed. it means picking up the phone, talking to an actual person. but people are loving this one. now, i've got a little horse race going on because you did an interview, you were part of an interview earlier this morning on "squawk on the street," kelly. you talked to a technical analyst about apple stock and how it might be losing some shine and competitive threats it faces. it's a big puller, too. it's beginning to lose a little steam. people are back out of it now and jumping into a piece we have written up by diana olick touching on an interview you did earlier with robert frank about chinese money coming to the united states. she took a look at all the buying going on in a california neighborhood, how they're investing in real estate as an investment but also as a way of giving their kids something to work on. to live with while being educated. there yo
CNBC
Nov 15, 2013 3:00pm EST
with dow at 15,948. >>> insurance executives are moments away from that meeting with president obama over his obama care fix. we'll bring you all of the developments as soon as they happen. plus, we'll look at why this move could end up resulting in higher premiums for the rest of us. >>> todd shellen berger says forget housing recovery. homeownership is for suckers. his words, not mine. up next, he'll defend that controversial statement which was all the buzz on cnbc.com. >>> and then the main event itself. they've been training all day, all week, maybe their whole careers. now seema mody and dominic chu are ready to rumble on what's the best investment right now, high dividend payers or high growth stocks? do not miss this epic battle coming up on the "closing bell." jackie: there are plenty of things i prefer to do on my own. but when it comes to investing, i just think it's better to work with someone. someone you feel you can really partner with. unfortunately, i've found that some brokerage firms don't always encourage that kind of relationship. that's why i stopped working at
CNBC
Nov 8, 2013 4:00am EST
xetra dax off 0.5%. the cac 40 off 0.75% and the ftse mib is up 0.1%. still to come, president obama says he's sorry for many americans that may lose their coverage even though he promised many wouldn't. ♪ ♪ [ male announcer ] united is rolling out global, satellite-fed wi-fi to connect you even 35,000 feet over the ocean. ♪ that's...wifi friendly. ♪ afghanistan in 2009. on the u.s.s. saratoga in 1982. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation because it offers a superior level of protection and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. stick with innovation. stick with power. stick with technology. get the flexcare platinum. new from philips sonicare. >>> a contrite president obama is apologizing to the american people for all the problems that have kropt up with his health care reform since it was rolled out more than a month ago. with more, we're joined by ja
CNBC
Nov 5, 2013 1:00pm EST
election, the first election during obama's term, it was new jersey and virginia that everybody looked at and said, two republicans won, christie in a blue state, let's turn to virginia now, that is a close contest, cuccinelli and terry mcauliffe the former fund-raiser democratic chairman und the clintons. >> typically republicans will hold virginia in an election where democrats are in the white house. it would be significant if that's not the case. i think mcauliffe is favored like throw beat ken cuccinelli. does he have a big win? if he does everyone will say tea party is in retreat, all the government shutdown played terribly for republicans. rising tide of the republican party is more of this expand the map christie model versus the cuccinelli scorch the earth and shut down the government. >> you have two things cutting in this race, number one is the fact that there are a lot of federal workers in the, obviously, d.c. suburbs, most especially, but also down in the norfolk area, and that -- they may -- we'll see how angry they were over the government shutdown. i don't know why th
CNBC
Nov 7, 2013 6:00pm EST
in obama care. watch out. tomorrow's jobs could be below the estimate. all up next on the "kudlow report." 0 that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they could save you in out-of-pocket medical costs. call today to request a free decision guide. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and virtually no referrals needed. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. with all the good years ahead, look for the experience and commitment to go the distance with you. call now to request your free decision guide. o0 c1 ♪ ♪ so you can get out of your element. so you can explore a new
CNBC
Nov 11, 2013 6:00pm EST
stories how president barack obama and congress hate each other. we'll get that soon. talks of some sort begin, they'll fail. as we've seen over and over since the year of gridlock in 2011, you've got a calm now. the averages advance and become giddy. then there's a storm when two parties in washington can't agree, start calling everybody names and try to bring what's best for the country. we pull back until there's a bogus can kicking resolution. it's called government. wall street journalist, we will not buy into the notion it's somehow bad now the public started in investing in stocks again, putting in one sixth of what they pulled out in 2012. it's not bad. to rely on figures is cliche. when you take away u you think some money has to come from stocks. this coincides with the roll over of hundreds of billions of of cds done at five years ago. it's a scenario. these top stories pack a great great deal more punch when they're backed up by actual evidence that the merchandise other than the ipo or two is historically expensive. i wouldn't regard the s&p 500 trading as expensive. think a
CNBC
Nov 14, 2013 9:00am EST
morning. >> president obama's nominee to head the federal reserve says the economy has gained much of the ground lost since basically the greatest depression since the 1930s but at 7.3%, janet yellen says unemployment remains still too high. in a wonderfully short and well crafted prepared state, by the way, here are a couple of key phrases from her statement. "a strong recovery will ultimately enable the fed to reduce its monetary accommodation and reliance on unconventional policy tools such as asset purchases." . no hints as to when they might begin tapering. first of all, maybe the senators might press ms. yellen on exactly what might be the key data points to begin and we've had stronger numbers in gdp and there was that 204,000 increase in jobs in october payrolls. republicans also may want to know so how long does tapering last and what is the risk going forward of inflation? and i think you could almost have kind of a jump ball between democrats and republicans over this whole notion of the fed's role as regulator post dodd-frank and this whole notion of regulating so-called t
CNBC
Nov 21, 2013 6:00am EST
. obama adviser gene sperling arguing the only way to revamp the home loan market is through what he calls proper housing finance reform. he didn't directly refer to fair homes proposal, but he did say that the administration can't allow fannie and freddie to be recapitalized in the current corporate form. last week, bruce berkowitz's firm announced it wanted to buy the mortgage backed security insurance businesses of fannie and freddie by bringing in $52 million in new capital. >>> a trading slump in goldman sachs now tied to a currency trade in the third quarter. a bet on the dollar is said to have gone very wrong. "the wall street journal" reporting that the previously indus closed trading mishap played a big part or at least a part in the revenue slump that led senior executives to defend the firm's trading strategy. yum brands will combine the u.s. and international versions of kfc and pizza hut. sales at yum china restaurants have taken a hit since chemical residues were found in chicken from some of its poultry suppliers china late last year. >> there was a restaurant called chicks
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